Adam Tooze
@adam_tooze
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Hist/Econ/Theory Columbia University. Born UK, raised FRG. Publisher @surplusmagazin @OnesandToozePod Chartbook Newsletter: https://t.co/liMOT0CGJK
New York, NY
Joined August 2015
Chartbook 349 Scholasticides .The latest Chartbook newsletter just dropped.
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The Millennial generation, born between 1981 and 1996, control just 4.6% of U.S. wealth even though they are the largest in the workforce with 72 million members. @BSteverman @atanzi.
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BYD unveiling a vehicle with ASTONISHING 2000 km range for the price of . drum roll . 100,000 yuan ($13,800). This, ladies and gentleman, is true 21st century Fordism!.
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Even more intense than Columbia by all accounts. This is citywide repression.
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So monarchical is American conception of Presidency that Biden is feted as a ruler who "gave up power" in favor of anointed successor, rather than a vain politician who misjudged his sell by date & has been belatedly persuaded to spare himself humiliation & give Dems a chance.
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This is blatant, overt, indeed boastful interference in US democracy, by an organization openly committed to promoting the interests of a country other than the USA.
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Today locked out of offices. Not just a place of work but the place we define by our teaching and research without which it is literally nothing more than a bunch of badly managed assets and a hospital.
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I want to associate myself with Rashid Khalidi's devastating critique of the Columbia University administration infringement of free speech and blatant bias against pro-Palestinian students. This should not stand in a self-respecting university. It is a disgrace.
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Bizarre! Jaw-dropping. Truly a testament to how of out touch the American political and media class are. The @nytimes has been nothing short of an embarrassment!.
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We are in truly dangerous spiral:.Brave Ukrainian resistance frustrates Russian attack -> Kiev refuses humiliating negotiations. Russia about to ramp up destructiveness of attack.NATO members rushing weapons to Ukraine.EU/US announce major sanctions. What is Russia’s next move?.
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Oh god . truly disorientating to watch this. He speaks in full sentences. Knows some history and presumes his audience does too. Is fully in command of himself. And makes sense. compared to either of the candidates today . !?.
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In India a heatwave is killing polling staff running the election. The crisis is already here.
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"We dont have to do stupid like they did at @Columbia " Let that be the motto that sums up the last few weeks.
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Summers deplores the Palestinian flag as in itself an anti-semitic symbol. Biden condemns use of a standard Arabic phrase . And what triggers this derangement are campus protests not events in Palestine. Dem establishment are completely losing their minds.
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I honestly don't get what is heroic here. Not carping. Just can't relate @ezraklein Biden and the team around him made a historic mistake with disastrous implications. Why, after the shambles of last few weeks, are we giving "big boy" merit badges for this belated admission?.
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Turkey’s official inflation rate hit a 23-year high last month of 73.5 per cent year on year in May.
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EVERYONE should be retweeting and amplifying this. There is a massacre going on in Sharif University in Iran.
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"We are now dealing with an imperial Israel that is solving its problems in someone else's country, world opinion be damned." CBS 1982.
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Tom Cotton in NYT: Send In the Troops.Tom Cotton in NYT: The Case for Killing Qassim Suleimani.Tom Cotton in NYT: We Should Buy Greenland.Do the responsible editors of @nytimes think publishing this kind of dangerous and risible nonsense contributes to “diversity” or “balance”?
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Grotesquely those singled out for this disgusting treatment by gutter journalists and shameless politicians include Prof Michael Wildt who is Germany's leading historian of the Third Reich.
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The disappearance of the home priced at less than $300k in American markets, is a striking development of recent years.
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So we are now in spectacularly dangerous territory:.Brave Ukrainian resistance frustrates Russian initial attack -> Kiev refuses humiliating negotiations. Russia about to ramp up destructiveness of attack.NATO members rushing weapons to Ukraine.EU/US announce major sanctions.
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"Between 1909 and 1916, Henry Ford reduced the cost of his Ford Model T by 62%, from $950 to $360. Each year, sales doubled — from fewer than 6,000 in 1908 to more than 800,000 in 1917." it is Chinese EV makers not Westerners who seem to understand this basic logic.
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America’s rate of incarceration is so anomalous that it practically needs a separate graph. Its truly its own regime type! .
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Americans are wildly overoptimistic about chances of upward social mobility. Europeans are pessimistic. Actual mobility higher in Europe than in the US.
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Check out the difference in front pages btw the FT and NYT this morning!
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Somehow trying to prepare for final lecture of term whilst digesting fact that @Columbia President deliberately misled Faculty over their clear intention to escalate anti-camp measures, deadline 2 pm today.
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Mao Zedong (center-left) and Zhou Enlai (far left) in Yanan, 1935.Amazing color work by “Olga”.
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Despite fond liberal imaginings, WWII was not won by New Deal or FDR's bomber program. At home USA barely broke sweat. Work of crushing Nazis done by Stalinist SU. If we are "declaring war on climate change", will it be China carrying fight this time? .
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UPS and DHL are building football field-sized ‘freezer farm’ for cold storage of Covid-19 vaccine deliveries.
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If rich countries are building houses at less than half the rate we did in the 1960s should we be surprised that real estate prices are rising to record levels? Asks @TheEconomist .
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Shouldn’t we ask whether the debt brake in Germany is in conformity with constitution? How can a temporary super majority bind all future parliaments to an arbitrary numerical target without reference to a fundamental value on pragmatic grounds alone?.
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I'm NOT going to get into this. But just for the record: WTF!?!.
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Has anyone written about UFOs as a symptom of Anglo-American hegemonic anxiety?.
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Astonishingly, America’s EPA preannounces the days on which it will monitor PM2.5 pollution. Using satellite data Eric Zou confirms that on the other days businesses pump out much higher levels of filth.
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American voters favor a ceasefire and de-escalation in Gaza and support US use of leverage over Israel by a HUGE margin. This is not a marginal position but completely mainstream, across both parties.
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As per the tweet from yesterday. Every student and faculty within hundreds of meters of @columbia campus was treated as a presumptive threat by armed police. People could not enter or exit their homes.
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Habeck's dilemma: conflict in Gaza drives 1 anti-zionism, 2 anti-semitism, 3 islamophobia. 1&2 strictly incompatible with understanding of German post-holocaustal identity. Unable to address root cause, he compounds prob: backing gov of Israel, repressing 1/2, accelerating 3.
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Brazil’s 600 real per month auxílio emergencial actually turned 2020 into a remarkably good year for poverty-reduction. Brazil’s gini fell in 2020 from 0.55 to 0.49! Extreme poverty and inequality are a political choice. How will it choose in 2021?.#LatAm.
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Looking at this scatter plot of Covid mortality and GDP loss across EU, rather than a trade off, you might be tempted to say that there were simply some countries that handled the crisis well and others that did not.
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Initially my response to the headline was "…?????? really". Until I realized that in @ft -speak, “miners” are foreign mining firms not Peruvian mineworkers.
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Unused vaccines are a crime. 95 % of the AstraZeneca vaccine delivered to German state of Saxony have not been used. Further deliveries should cease. Reallocation to low income countries NOW.
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The moment at which @Columbia defined its own faculty as posing a threat to the safety of members of our community. An insult which dishonors only those making it!
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Just in case you were wondering where @TheEconomist stands on this whole end of neoliberalism/new Washington consensus thing .
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By verbal instructions of German police @yanisvaroufakis was issued with a general ban on all activities „Betätigungsverbot“ apparently on orders of Interior Ministry without naming legal basis. This cannot stand! .
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Ho Chi Minh at the Congress of the French Communist Party in Marseille, 1921.
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The richest 1% of US households own 53% of all equities and mutual funds held by American households. The richest 10 % own 87%.
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France had administered 16% of 1.1m doses of AstraZeneca received. Germany, Italy 20%, Spain < 33%. Unless that rate rises all new supply should be reallocated to low income countries. We need to get shots in people’s arms. Unused shots = a crime.
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What else could go wrong in commodity markets you ask! How about the worst winter wheat crop in history in China …
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Germany's CDU leader Merz as usual saying the quiet stuff out loud! "The ICC is intended for despots and authoritarians not democratically elected governments . ".
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This statement by @NDeitelhoff und Rainer Forst, Klaus Günther und Jürgen Habermas should disqualify all of them from any further serious discussion. NO MENTION OF THE OCCUPATION from folks supposedly interested in "normative orders"?
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"Behind the scenes, Hochstein, McGurk and other top U.S. national security officials are describing Israel’s Lebanon operations as a history-defining moment — one that will reshape the Middle East for the better for years to come." This is the Israeli-US synthesis at this moment!.
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"With borrowed money you cannot generate growth in the long-run." Why does @c_lindner team provide him with absurd lines like this and why does @faznet print them? @Lars_Feld .
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"When the NYPD Strategic Response Group—which the New York Civil Liberties Union has repeatedly characterized as “notoriously violent”—is welcomed onto campus with open arms, it is Shafik who “disrupts campus life” and infringes on her supposedly paramount principle of safety.".
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Brexit Britain truly is in blow-your-own-brains-out mode right now!.
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NYPD found bike chains and books on a University campus and are seriously concerned that someone is up to no good. Clearly our city is safe in their hands.
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By the end of the century, Africa will be home to 40% of the world’s population – and nowhere is this breakneck-pace development happening faster than this 600-mile stretch between Abidjan and Lagos. This piece by Howard W. French is really eye-opening.
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Meanwhile, towards its own staff @Columbia Presidency is engaged in deliberate obfuscation. 2 hours ago we received a rambling email suggesting an increasing impatience with negotiations and new focus on graduation etc but no specific deadlines or threats.
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So on point!!!! Who has reason to be afraid here? Who has the power? The power to punish and destroy and disrupt lives? How can we abdicate judgement in this grotesque way!.
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“If you want to re-establish a complete semiconductor supply chain in the US, you will not find it as a possible task,” Excellent this on the IMMENSE complexity of chip supply chains.
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"Now he's passed the torch to Kamala Harris. We must unite behind her to defeat Trump".How about asking the question whether in a place claiming to be a high-functioning democracy the choice of candidate might be by mechanism other that "torch passing"?.
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The US footprint in the Middle East right now is remarkable.
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Biden’s vaccine triumph is a triumph for a policy of "America First". Unlike Trump, it doesn’t trumpet that fact, but it is all the more effective on that account. EU has exported five times more vaccine doses to America’s NAFTA “partners" Mexico&Canada than the US has.
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The scale of the violence and disruption in Sudan boggles the mind. And, yes - whataboutism aside - it does not get anywhere near enough attention.
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The Dutch culture of cycling is not a fact of nature. It is the product of history, of sustained political action.
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India's rail investment has pushed electrification beyond levels in France and the UK.
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A direct threat that Israel will reduce Lebanon, like Gaza, to rubble. A threat disguised as natural process "fall into abyss of destruction and suffering". This is what we, in the US are backing.
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Meet Germany's new Agriculture Minister with his certificate of appointment clipped on the baggage rack of his bike. I kid you not.
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International evidence could hardly be more clear: if you control the virus, spending in restaurants, entertainment venues etc bounces back. If not. It doesn’t. @FT tracker.
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The holocaust can only be explained in context of imperialist war. The early scholarship that sought to screen off the war fell woefully short.
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The length of electrified railway lines in India has more than doubled since 2014, from 21,000km to more than 50,000km in 2022. The proportion of electrified lines reached 65.8 per cent in 2021, higher than France’s 60.3 per cent and the UK’s 38 per cent.
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"There’s no playbook for this kind of crisis!” … .well, now you mention it … .What about the 69-page color-coded 2016 NSC document helpfully labeled . “PLAYBOOK for Early Response to Infectious Disease Threats".@ddiamond @nahaltoosi.
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Exec committee of Columbia Univ Senate—the body that the President should consult pursuant to Section 444—did “not approve the presence of NYPD on our campus at this time,” Shafik "consulted" but did not gain agreement & then invited in NYPD riot squad.
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In 2022, the six largest western oil companies made more money than in any year in the history of the industry: over $200bn, largely from pumping and selling the fossil fuels the world must replace to avert the climate crisis.
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Barilla supplies 22% of pasta & 39% of sauces eaten in Germany -> lockdown requires 2-3 dedicate barilla trains from Parma to Ulm carrying 490 tonnes of pasta, 60 tonnes of sauces and 50 tonnes of pesto.
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Vaccine makers have warned US officials that temporarily scrapping patents for Covid-19 shots would risk handing mRNA technology to China and Russia … you kind knew this was coming didn’t you! Last refuge of scoundrels etc.
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"Bitcoin mining’s energy consumption eclipses that of major global tech companies providing entertainment and services, looking at annual electrical energy consumption values from various reports:” and ALL EV! .
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Are the Houthis "exogenous"? Or, do we have ask ourselves, how many billion-dollar container ships can go through a chokepoint, with poor and angry people on both sides, exactly how long can you ignore the Palestinian question, before something happens?.
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80 years ago the legendary historian, Annales school founder and resistance leader Marc Bloch was among the twenty-eight men shot in the back with submachine guns in groups of four by the German Sicherheitsdienst in a meadow at Les Roussilles near Saint-Didier-de-Formans.
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It simple does not matter what American musicians actually mean. If they make a sardonic reference to American patriotism . it becomes a patriotic song! .Born in the USA .Now: Keep on Rocking in the Free World. Here are the darkly ironic lyrics:. There’s colors on the street.
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US corporate profit margins surge to highest level since 1950.
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Extraordinary interview with Friedrich Hayek on John Maynard Keynes: "Keynes was Brilliant, but Economics was Only a Sideline for Him." "Not well read. Not a master of the subject …”. And so on and so forth … breathtaking! .
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"Dodging answers" - what a great way of defining the state of German public debate about Gaza.
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14 m laid off due to corona: .Can this be correct? If these numbers are even remotely right, it is the most savage shock in economic history and will unleash a spiraling downturn in demand the likes of which we have never seen. The US consumer is still #1 driver of world econ.
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Who, actually, works for the government? Find out insights in today's chartbook! Sign up here:.
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Yeah I think we have to drop idea that crisis containment was core logic of Biden admin. This is an attempt at controlled demolition … closer to what they are doing to world economy and v China. Opportunistic for sure eg Ukraine, but fundamentally revisionist.
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In Germany you literally need an empirical research to enable people to distinguish pro Palestinian from anti semitic. Kant: self inflicted immaturity!.
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“CEO of Virgin Galactic laid out a goal of taking tourists to the edge of space at a rate of more than one flight a day …”. This has to be stopped! Given the climate emergency we don’t have the carbon budget for the elite's planetary escapism! .
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